Cathay and Singapore Airlines have signed a Memorandum of Understanding to collaborate on a broad range of sustainability initiatives aimed at achieving their shared goal of carbon neutrality by 2050. The partnership will focus on promoting the development and use of sustainable aviation fuel ("SAF"), advocating for a global accounting standard to ensure transparency and verifiability of emissions reductions from its use, and raising public awareness of SAF's critical role in decarbonising aviation. Cathay has been operating a Corporate SAF Programme since 2022, enabling customers to purchase SAF for use on flights from Hong Kong and other ports, as a means of demonstrably reducing their Scope 3 carbon emissions from business travel or cargo shipments. Global logistics expert, DB Schenker, is the latest member of the air-cargo community to join the scheme and its biggest contributor to date, agreeing to buy 878 tonnes of SAF (the equivalent of 290,000 US gallons). Cathay Pacific is committed to using SAF for 10% of its total fuel consumption needs by 2030.
